Mobile Telesystems OJSC (MBT): Today's Featured Technology Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Mobile Telesystems OJSC ( MBT) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.6%. By the end of trading, Mobile Telesystems OJSC rose 52 cents (2.7%) to $19.66 on heavy volume. Throughout the day, 3.9 million shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of two million shares. The stock ranged in a price between $19.03-$19.67 after having opened the day at $19.15 as compared to the previous trading day's close of $19.14. Other companies within the Technology sector that increased today were: Online Resources Corporation ( ORCC), up 81.4%, Fortinet ( FTNT), up 21.9%, JDS Uniphase Corp (CA ( JDSU), up 17%, and BTU International ( BTUI), up 14.3%.
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Mobile TeleSystems OJSC, together with its subsidiaries, provides telecommunications services primarily in the Russian Federation, Ukraine, Uzbekistan, Armenia, and Belarus. Mobile Telesystems OJSC has a market cap of $19.17 billion and is part of the telecommunications industry. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7. Shares are up 2.7% year to date as of the close of trading on Wednesday. Currently there are five analysts that rate Mobile Telesystems OJSC a buy, one analyst rates it a sell, and one rates it a hold.

TheStreet Ratings rates Mobile Telesystems OJSC as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the negative front, Helios and Matheson Information Technology ( HMNY), down 13.8%, Giga-tronics ( GIGA), down 11.2%, Renewable Energy Trade Board ( EBOD), down 10.6%, and Advanced Photonix ( API), down 9.9%, were all laggards within the technology sector with SINA Corporation ( SINA) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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